USD/JPY – 112.57
Most recent candlesticks pattern  : N/A
Trend                     : Near term up
Tenkan-Sen level             : 112.49
Kijun-Sen level                 : 112.22
Ichimoku cloud top            : 111.92
Ichimoku cloud bottom     : 111.64
Original strategy :
Buy at 111.70, Target: 112.70, Stop: 111.35
Position :Â –
Target :Â –
Stop : –
New strategy :
Buy at 112.00, Target: 113.00, Stop: 111.65
Position :Â –
Target :Â –
Stop : –
As the greenback has surged again after holding above indicated support at 111.69 (just missed our long entry at 111.70) and bullishness remains for the rise from 110.84 low to extend gain to 112.72 resistance, break there would bring subsequent rise to previous support at 113.09, however, near term overbought condition should limit upside and resistance at 113.33 should hold from here.
In view of this, we are still looking to buy dollar on pullback as 112.00 should limit downside. Only break of said support at 111.69 would abort and signal top is formed, bring weakness to 111.50, then test of support at 111.37.
